New Mexico House Bill 527, sponsored by Rep. Cristina Parajón, a Democrat from Bernalillo, aims to mandate health insurance providers to cover medical cannabis costs. This legislation seeks to amend the state's health insurance codes to include medical cannabis under coverage offered by various
Today, we have Simon Glairy, a recognized expert in the fields of insurance and Insurtech, with a specialized focus on risk management and AI-driven risk assessment. He joins us to discuss the latest developments at Nirvana Insurance, including their impressive $80 million Series C funding round
The blockchain in insurance market is experiencing rapid growth, projected to escalate from $1.94 billion in 2024 to $3.11 billion in 2025, with a remarkable compound annual growth rate (CAGR) of 60.1%. This explosive increase is attributed to several key factors including enhanced fraud
Insurers are increasingly playing a pivotal role in facilitating the green transformation of businesses. With the urgent need to address climate change and the shift towards sustainable energy sources like wind, solar, and geothermal power, the insurance industry is stepping up to support this
In the increasingly contentious arena of insurance practices, a recent class action lawsuit filed against the Government Employees Insurance Company (GEICO) by Christopher Cude raises significant concerns about the company's accident forgiveness policy. Filed in a Texas federal court, the lawsuit
A significant stride towards equitable insurance rate determinations has just been taken by the Washington State Senate. On March 8, 2023, the Senate successfully passed Senate Bill 5589, with the primary objective of addressing concerns surrounding current insurance rating practices. This bill
New Dawn Risk, a prominent independent Lloyd's insurance broker specializing in professional and financial lines and cyber insurance, has taken a significant leap towards modernization with the adoption of Novidea's cloud-native, data-driven insurance management platform. This strategic move
Baige Online Digital Technology Co. Ltd. (Baige) is preparing for an Initial Public Offering (IPO) in Hong Kong, driven by increasing demand for digital risk management services in China's insurance market. Despite this demand, profitability remains a concern for Baige. This article delves into the
The global cargo transportation insurance market is a vital aspect of the logistics industry, providing essential financial protection against risks such as damage, loss, and theft during transit via various modes including sea, air, or land. In 2023, the market was valued at USD 53.99 billion, and
The global mobile phone insurance market is primed for remarkable expansion, driven by the increasing penetration of smartphones, rising device costs, and a growing need for device protection against accidental damage, theft, and other risks. As smartphones become an integral part of daily life,
